Debt management and payment capacity of Vietnamese enterprises are weak and on the verge of decline, says a survey of the 500 largest companies in Vietnam (VNR500) on their 2012 revenues. The survey conducted by Vietnam Report JSC was announced last week. As per the survey, debt management at local large firms is poor as proven by their debt-to-asset ratios. The average ratio of debts to total assets... 

The weighted average debt-to-equity ratio in book value gleaned from the second quarter financial statements of 647 non-financial companies listed on the two bourses of Vietnam is among the world’s highest, up to 1.53. Nguyen Xuan Thanh from the Fulbright Economics Teaching Program unveiled the astonishing figure at the 2012 Investment Conference held by Nhip Cau Dau Tu magazine in HCMC on Thursday. “This...